If I wanted to buy a $800k est.business that included VERY good real estate,how much would I have to
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Business is well established and includes real estate (the building and owners apartment) in a very high traffic tourist town, established website...how much do you think a bank would require for that loan? I could swing 10%, which would drain my savings, but make my life much more attractive! Would it depend on how well the business proves to be over the past several years? I've only purchased personal real estate in the past.
If I wanted to buy a $800k est.business that included VERY good real estate,how much would I have to put down?I know in California the down payment on commercial usually has to 30%. Most lenders will not give you a loan if you dont have at least that. Some sellers will not except the purchase contract with out that much down either. Maybe the seller is willing to carry some paperback and that can get you in there with 10%.
If I wanted to buy a $800k est.business that included VERY good real estate,how much would I have to put down?One of my client buying a investment property, then he will resell it to others too double the price. he just did some little renovation, that's it! he can double the price of the property! I am a property investor consultant here in sydney. but my client is worldwide.
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